News (?) about Acclaim auction...

Ryan · Post by **Ryan** » Mon Dec 27, 2004 7:44:09 pm

From Lying in the Gutters:

John Taddeo was spotted at the auction for Acclaim's hard assets when they went under.

Previously LITG stated that Taddeo was interested in buying up Valiant properties. Looks like he's sniffing around.

Reportedly a sad affair. Lots of desks for sale with mugs and photos still on them, as if they hadn't had time to take them when the hammer fell. Still, if you wanted a movie studio, game testing area or a conference room going cheap, they couldn't be beat.

But as for film and contracts for the comics, they seemed to be in short supply. Turns out the building holding all those assets had already been sold, as was, without realizing those assets were in there. Anyone trying to put the old material together will have a long arduous journey.

http://comicbookresources.com/columns/?column=13

qrnd · Post by **qrnd** » Tue Dec 28, 2004 12:39:31 am

So this is similar to what happened at the old Valiant offices?

Im wondering if the new owners who purchased the building would accept offers for some of their 'unwanted' inventory?

bamaphilosopher · Post by **bamaphilosopher** » Tue Dec 28, 2004 12:58:01 am

Sigh...too bad.

Taddeo posted on here about a month ago, but I think I and others ran him off by offering too much advice.

Ryan · Post by **Ryan** » Tue Dec 28, 2004 1:50:06 am

Ryan wrote: Turns out the building holding all those assets had already been sold, as was, without realizing those assets were in there.

That right there shows how much anyone at Acclaim cared about comics.

ManofTheAtom · Post by **ManofTheAtom** » Tue Dec 28, 2004 1:46:55 pm

Think positive thoughts.

Maybe Taddeo had already bought that building and was at the auction to see if he missed anything...

bamaphilosopher · Post by **bamaphilosopher** » Tue Dec 28, 2004 2:38:35 pm

Hey, we haven't heard from Taddeo since the auction, so I presume he was unsuccessful. Because if he got them, he would SURELY be promoting it on here.

greg · Post by **greg** » Tue Dec 28, 2004 3:15:35 pm

I'm confused about the wording of that news item.

The rights to the characters wouldn't be something "in a building".
Valiant characters are "intellectual property"... and can't be conferred
by accident like finding an old box in the attic.

While there might have been actual contracts related to the "Shadowman movie"
or similar "in progress" possibilities... those would essentially be void now.

As far as I know, the rights to the Valiant and Acclaim characters have not yet been sold...
and I believe that we will hear something official from the new owner when they are.

RyanMcLelland · Post by **RyanMcLelland** » Tue Dec 28, 2004 3:39:27 pm

greg wrote:I'm confused about the wording of that news item.

The rights to the characters wouldn't be something "in a building".
Valiant characters are "intellectual property"... and can't be conferred
by accident like finding an old box in the attic.

While there might have been actual contracts related to the "Shadowman movie"
or similar "in progress" possibilities... those would essentially be void now.

As far as I know, the rights to the Valiant and Acclaim characters have not yet been sold...
and I believe that we will hear something official from the new owner when they are.

Correct down to the smallest 't'.

bamaphilosopher · Post by **bamaphilosopher** » Tue Dec 28, 2004 4:09:58 pm

Perhaps the paperwork was in a building somewhere. Their intellectual property rights must have some sort of paperwork attached, right? Regardless, it seems that Mr. Taddeo was not able to bid for the characters, since he would have let us know, I think, if he had gotten them.

greg · Post by **greg** » Tue Dec 28, 2004 7:59:18 pm

bamaphilosopher wrote:Perhaps the paperwork was in a building somewhere. Their intellectual property rights must have some sort of paperwork attached, right? Regardless, it seems that Mr. Taddeo was not able to bid for the characters, since he would have let us know, I think, if he had gotten them.

If I'm not mistaken, the Acclaim auction in question was for physical assets.
(Buildings, furniture, vehicles, etc.)

Intellectual properties (mainly video game lines) have been sold separately
before this auction, and I presume they are still being "sold separately" today.

It is up to the bankrupcy trustee to dispose of all the assets as he sees fit.
It sounds like he is "taking offers" on some assets (intellectual property),
while the on-site auction was an immediate liquidation of physical assets.

bamaphilosopher · Post by **bamaphilosopher** » Tue Dec 28, 2004 9:33:10 pm

Oh, I see...that makes sense. I wish someone could tell us what's going on with the characters.

depluto · Post by **depluto** » Tue Dec 28, 2004 11:47:06 pm

It really was a sad auction. That place must have been awash in money at one time. Fancy building, piles of toys, electronics, etc.

And now, nothing.

Daniel Jackson · Post by **Daniel Jackson** » Wed Dec 29, 2004 1:29:18 pm

Yeah, it seems that they were not lacking in perks for themselves.

ValiantFans.com Board - Since 2004

News (?) about Acclaim auction...

News (?) about Acclaim auction...

Re: News (?) about Acclaim auction...